I’m proud to report that AI is continuing its advocacy on critical valuation issues!
AI Opposes Proposed CRE Appraisal Threshold Increase
I hope you noticed that the Appraisal Institute joined 17 other organizations Dec. 4 in saying it “strongly opposed” the National Credit Union Administration’s plan to reduce the number of non-residential real estate loans requiring appraisals.
AI said it opposed the NCUA’s proposal to quadruple – from $250,000 to $1 million – the appraisal threshold for non-residential real estate loans.
Read more about this important issue.
Appraisal Institute Premieres Education Offerings
Registration is now open for “Rural Valuation Basics” and “How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value.” I invite you to check out these terrific offerings!
“Rural Valuation Basics” is a seven-hour classroom seminar that provides residential and general appraisers with the fundamentals of analyzing comparable data for use in rural appraisal assignments. It will focus on land mix analysis, improvement value extraction and allocation and how to develop adjustments. Learn more about the program and register.
“How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value” is a seven-hour classroom seminar that goes beyond methodology to explore how to measure a property rights adjustment, the theory underlying the use of a leasehold yield rate (YLH) to value the leasehold, as well as the application of a property rights adjustment in all three approaches to value. Learn more and register.
Also, AI hosted a webinar Dec. 19, “Multifamily Appraisal Update,” that is now available for download. This two-hour online offering explains the multifamily appraisal needs of two of the largest backers of multifamily financing in the United States and what issues appraisers need to pay attention to have success with multifamily housing appraisal assignments. Learn more and download.
Other News Around AI
And here’s some more important news from the Appraisal Institute:
- Be sure to save the date for the 2019 AI Annual Conference in Denver. The valuation profession’s biggest and best event will take place July 22-24 at the downtown Hyatt Regency. Look for more information in the coming months.
- If you haven’t already done so, check out the latest quarterly edition of The Appraisal Journal, which contains timely and informative articles about relevant topics.
- The Appraisal Institute continues to grow its social media activities. Be sure to follow AI on Facebook, Twitter, LinkedIn and YouTube.
As this is the final monthly message of my presidency, I’d like to express my profound gratitude to the Executive Committee, the national Board of Directors, national committee members and other volunteers, region and chapter leaders around the country, and all the AI staff for their outstanding dedication, which enabled our association to prosper during the past year.
I’d also like to recognize the numerous appraisers I’ve met when traveling to events around the country. Your collective commitment at the local level continues to pay big dividends for the Appraisal Institute and the valuation profession as a whole.
Here’s wishing you a wonderful holiday season and a happy New Year!